CONTINUING SUPPORT MEASURES – COVID-19

acutusca2
CONTINUING SUPPORT MEASURES – COVID-19 On 21 April 2020, Prime Minister, Lee Hsien Loong announced that the “circuit breaker” period will be extended for a further four weeks until 1 Jun 2020. It was explained that these drastic measures were inevitable...

SINGAPORE INSOLVENCY REFORMS

acutusca2
SINGAPORE INSOLVENCY REFORMS COVID-19 (TEMPORARY MEASURES) BILL On 7 April 2020, the Singapore Government passed the COVID-19 (Temporary Measures) Bill, in an effort to provide temporary relief measures to businesses and individuals who are unable to fulfil their contractual obligations...

EXTENSION OF DEADLINE FOR HOLDING ANNUAL GENERAL MEETINGS AND FILING ANNUAL RETURNS

acutusca2
In light of the COVID-19 situation, some companies may have difficulties holding their Annual General Meetings (AGMs) and filing their Annual Returns (ARs). For listed and non-listed companies whose AGMs are due during the period 16 April 2020 to 31...

SECOND SUPPLEMENTARY BUDGET 2020

acutusca2
On 6 April 2020, a further supplementary budget amounting to S$5.1 billion was announced by the Finance Minister, Mr. Heng Swee Keat, to support households and businesses in tiding over the four weeks “circuit breaker” measures that was implemented to...

TAX DEADLINE

acutusca2
IRAS EXTENDS TAX FILING DEADLINES Filing deadlines extended for (i) Individual Income Tax, (ii) GST returns for accounting period ending Mar 2020, (iii) Estimated Chargeable Income (ECI) for companies with Financial Year ending Jan 2020, (iv) Income Tax for trusts,...

CLOSURE OF WORK PLACE

acutusca2
Dear Valued Clients & Associates Following the Prime Minister’s address to the nation on the Covid-19 pandemic situation yesterday afternoon, it was announced that most work places will be closed and all schools will now move to full home-based learning,...

SUPPLEMENTARY BUDGET 2020

acutusca2
On 26 March 2020, a “Resilience Budget”, supplemental to Budget 2020 was announced by the Minister of Finance, Mr Heng Swee Kiat to provide additional relief measures as the country grapples with an unprecedented crisis fuelled by the COVID-19 pandemic....

COVID-19 PANDEMIC

acutusca2
Dear Valued Clients & Associates, The Covid-19 pandemic continues to have a far-reaching, disruptive impact on businesses. At Acutus, we are also affected by the ramifications of this pandemic. However, we have taken steps to ensure that our resources are...

SNAPSHOTS OF HONG KONG BUDGET 2020/2021

acutusca2
The Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan, delivered his fourth budget speech on 26 February 2020. Amidst the continual uncertain social situation, the US-China trade dispute, slowdown in growth across most economies, a deceleration...

SINGAPORE BUDGET 2020

acutusca2
FOREWORD Budget 2020, delivered by the Finance Minister, Mr Heng Swee Kiat on 18 February 2020 seeks to deal with the immediate needs as well as the longer-term strategies to place Singapore on her ongoing transformation journey as a Global-Asia...